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U.S. Air Compressed Equipment Market Analysis

  • Report ID: GMI7844
  • Published Date: Jan 2024
  • Report Format: PDF

U.S. Air Compressed Equipment Market Analysis

Based on end use, the market is segmented into manufacturing, pharmaceuticals, food & beverage, oil & gas, construction & mining, energy & chemical, automotive, and others. The manufacturing segment dominated the global market with a share of over 40% in 2023.

 

  • The U.S. manufacturing sector is witnessing substantial growth in the utilization of air compressed equipment due to several key factors. The industry uses compressed air extensively for various purposes including managing assembly line operations, operating pneumatic tools, and controlling automated machinery. Due to the ongoing trend toward industrial automation, compressed air systems are in high demand as they power a wide range of automated manufacturing equipment.
  • As manufacturing operations place a high priority on cost- & energy-effectiveness, advanced compressed air technologies are gradually being adopted. Production facilities aim to maximize output while reducing energy usage by implementing smart features for monitoring and optimization as well as by developing energy-efficient compressors. Compressed air plays a crucial role in manufacturing processes, along with the convergence of technological advancements, augmenting the U.S. air compressed equipment market.

 

Based on the component, the market is divided into compressor, treatment equipment, and distribution system. The compressor segment is anticipated to register a CAGR of over 7% through 2032.
 

  • Compressors, as a pivotal component in air-compressed equipment, are experiencing growth driven by technological advancements and evolving industry demands. Energy-efficient compressors, particularly those that use variable-speed technology, are in high demand due to their ability to lower operating costs and energy consumption. Industries such as healthcare and food & beverages are adopting oil-free and environmentally friendly compressors due to the growing emphasis on sustainability.
     
  • The addition of smart features and IoT capabilities to compressors allows for performance optimization, predictive maintenance & remote monitoring, all of which meet the ever-increasing demands for dependability and efficiency. Innovations in compressors driven by renewable energy are spurring market expansion and supporting the overall trend toward sustainability. These advancements in compressor technology address diverse industry requirements, contributing to their substantial growth in the U.S.
     
U.S. Air Compressed Equipment Market Share, By Component, 2023
Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of U.S. air compressed equipment was reached USD 5 billion in 2023 and is anticipated to grow at a CAGR of around 6% between 2024 & 2032, owing to the growing product demand from the healthcare sector.

The compressor segment is anticipated to register a CAGR of over 7% through 2032, driven by technological advancements and evolving consumer demands.

The manufacturing segment is witnessing substantial growth in the U.S. air compressed equipment market, owing to extensive usage of compressed air for various purposes including managing assembly line operations, operating pneumatic tools, and controlling automated machinery.

Atlas Copco, Powerex Inc., Ingersoll Rand, Elgi Equipments, Kaeser Kompressoren SE, Campbell Hausfeld and Quincy Compressor

U.S. Air Compressed Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 87
  • Countries covered: 1
  • Pages: 150
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